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Side-by-side financial comparison of NetEase, Inc. (NTES) and SONIC AUTOMOTIVE INC (SAH). Click either name above to swap in a different company.
NetEase, Inc. is the larger business by last-quarter revenue ($4.0B vs $3.7B, roughly 1.1× SONIC AUTOMOTIVE INC). NetEase, Inc. runs the higher net margin — 31.0% vs 1.6%, a 29.4% gap on every dollar of revenue. Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs 3.4%).
NetEase, Inc. is a Chinese developer and publisher of online PC and mobile games, advertising services, email services, and e-commerce platforms. It is one of the largest Internet and video game companies in the world and was founded by Ding Lei in June 1997.
Sonic Automotive is a Fortune 500 company based in Charlotte, North Carolina, and is the fifth largest automotive retailer in the United States as measured by total revenues. The company was founded by O Bruton Smith and completed its initial public offering on the NYSE in 1997.
NTES vs SAH — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $3.7B |
| Net Profit | $1.2B | $60.8M |
| Gross Margin | 64.1% | 16.2% |
| Operating Margin | 28.3% | 3.1% |
| Net Margin | 31.0% | 1.6% |
| Revenue YoY | — | 1.0% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $1.79 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | $4.0B | $4.0B | ||
| Q2 25 | $3.9B | $3.7B | ||
| Q1 25 | $4.0B | $3.7B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | $3.7B | $3.5B | ||
| Q2 24 | $3.5B | $3.5B |
| Q1 26 | — | $60.8M | ||
| Q4 25 | — | $46.9M | ||
| Q3 25 | $1.2B | $46.8M | ||
| Q2 25 | $1.3B | $-45.6M | ||
| Q1 25 | $1.5B | $70.6M | ||
| Q4 24 | — | $58.6M | ||
| Q3 24 | $955.7M | $74.2M | ||
| Q2 24 | $939.6M | $41.2M |
| Q1 26 | — | 16.2% | ||
| Q4 25 | — | 15.5% | ||
| Q3 25 | 64.1% | 15.5% | ||
| Q2 25 | 64.7% | 16.5% | ||
| Q1 25 | 64.1% | 15.5% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 62.9% | 15.6% | ||
| Q2 24 | 62.9% | 15.6% |
| Q1 26 | — | 3.1% | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | 28.3% | 3.1% | ||
| Q2 25 | 32.5% | -0.6% | ||
| Q1 25 | 36.2% | 4.0% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | 27.3% | 3.3% | ||
| Q2 24 | 27.4% | 3.1% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | 31.0% | 1.2% | ||
| Q2 25 | 32.6% | -1.2% | ||
| Q1 25 | 36.6% | 1.9% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 25.6% | 2.1% | ||
| Q2 24 | 26.8% | 1.2% |
| Q1 26 | — | $1.79 | ||
| Q4 25 | — | $1.39 | ||
| Q3 25 | — | $1.33 | ||
| Q2 25 | — | $-1.34 | ||
| Q1 25 | — | $2.04 | ||
| Q4 24 | — | $1.67 | ||
| Q3 24 | — | $2.13 | ||
| Q2 24 | — | $1.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.3B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.8B | — |
| Total Assets | $214.5B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $6.3M | ||
| Q3 25 | $31.3B | $89.4M | ||
| Q2 25 | $54.4B | $110.4M | ||
| Q1 25 | $41.7B | $64.6M | ||
| Q4 24 | — | $44.0M | ||
| Q3 24 | $20.2B | $17.6M | ||
| Q2 24 | $19.0B | $67.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $160.8B | $1.1B | ||
| Q2 25 | $154.0B | $1.0B | ||
| Q1 25 | $147.8B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $135.6B | $1.0B | ||
| Q2 24 | $134.2B | $944.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.0B | ||
| Q3 25 | $214.5B | $6.0B | ||
| Q2 25 | $208.5B | $5.9B | ||
| Q1 25 | $200.9B | $5.9B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | $184.9B | $5.8B | ||
| Q2 24 | $183.3B | $5.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.81× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.8B | — |
| Free Cash FlowOCF − Capex | $1.8B | — |
| FCF MarginFCF / Revenue | 44.7% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | 1.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $66.9M | ||
| Q3 25 | $1.8B | $167.9M | ||
| Q2 25 | $1.5B | $136.8M | ||
| Q1 25 | $1.7B | $195.8M | ||
| Q4 24 | — | $87.7M | ||
| Q3 24 | $1.5B | $87.8M | ||
| Q2 24 | $898.8M | $-136.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-195.6M | ||
| Q3 25 | $1.8B | $134.4M | ||
| Q2 25 | $1.5B | $102.7M | ||
| Q1 25 | $1.6B | $150.8M | ||
| Q4 24 | — | $-245.5M | ||
| Q3 24 | $1.5B | $34.5M | ||
| Q2 24 | $875.6M | $-185.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -5.1% | ||
| Q3 25 | 44.7% | 3.4% | ||
| Q2 25 | 38.3% | 2.8% | ||
| Q1 25 | 40.4% | 4.1% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | 38.9% | 1.0% | ||
| Q2 24 | 25.0% | -5.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | 1.0% | 0.8% | ||
| Q2 25 | 0.7% | 0.9% | ||
| Q1 25 | 1.6% | 1.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | 1.4% | 1.5% | ||
| Q2 24 | 0.7% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.43× | ||
| Q3 25 | 1.47× | 3.59× | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.15× | 2.77× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | 1.58× | 1.18× | ||
| Q2 24 | 0.96× | -3.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
SAH
| Retail new vehicles | $1.6B | 44% |
| Used vehicles | $1.3B | 34% |
| Parts, service and collision repair | $516.6M | 14% |
| Finance, insurance and other, net | $202.4M | 5% |
| Wholesale vehicles | $71.8M | 2% |
| Fleet new vehicles | $20.7M | 1% |
